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Latin American Discovery Fund does not have enough data to calculate Piotroski F-Score.
The historical data trend for Latin American Discovery Fund's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Latin American Discovery Fund Annual Data | |||
Trend | Dec17 | ||
Piotroski F-Score | - |
Latin American Discovery Fund Semi-Annual Data | ||
Dec17 | Jun18 | |
Piotroski F-Score | - | - |
Latin American Discovery Fund (NYSE:LDF) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of Latin American Discovery Fund's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
City Of London Investment Group Plc | 10 percent owner | 77 GRACECHURCH STREET, LONDON X0 EC3V0AS |
Eric J Carlson | officer: Portfolio Manager | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036 |
Paul C Psaila | officer: Portfolio Manager | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 5TH AVENUE, FLOOR 20, NEW YORK NY 10036 |
City Of London Investment Management Co Ltd | 10 percent owner | 77 GRACECHURCH STREET, LONDON X0 EC3V0AS |
Patricia A Maleski | director | C/O J P MORGAN INVESTMENT MANAGEMENT INC, 522 FIFTH AVENUE, NEW YORK NY 10036 |
Timothy J Knierim | officer: CCO | 100 MULBERRY STREET, NEWARK NJ 07102 |
Nancy Everett | director | 1812 PARK AVE, RICHMOND VA 23220 |
Jakki L. Haussler | director | 221 EAST FOURTH STREET, CINCINNATI OH 45202 |
Joseph C Benedetti | officer: Vice President | C/O INVESCO, 225 LIBERTY STREET, NEW YORK NY 10281 |
John H Gernon | officer: Principle Executive Officer | 522 5TH AVENUE, NEW YORK NY 10036 |
Arthur Jason Lev | officer: President and PEO | 522 5TH AVENUE, NEW YORK NY 10036 |
Gaite Ali | other: Portfolio Manager | 522 5TH AVENUE, NEW YORK NY 10036 |
Sara Furber | officer: President and PEO | MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVE, NEW YORK NY 10036 |
Mary Ann Picciotto | officer: CCO of the Advisor | LORD, ABBETT & CO. LLC, 90 HUDSON STREET, JERSEY CITY NJ 07302 |
Frank J Smith | officer: PFO & Treasurer | C/O MORGAN STANLEY INVESTMENT MAN, 1221 AVENUE OF THE AVENUE 22ND FL, NEW YORK NY 10020 |
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